Word: beets
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Dates: during 1890-1899
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ling. (2) Productive of large income; a duty of one cent would afford an annual revenue of $38,000,000. (3) While mainly a revenue duty, it would also give protection to the domestic production of both cane and beet sugar. (4) Would cause little trouble to the consumers; sugar being to a great extent an article of voluntary consumption...
...bounty provision is opposed to good public policy. - (a) It is contrary to the spirit of the constitution: - T. H. Benton quoted in Cong. Rec., XXI, appnd. X, 391. Speech of S. M. Robertson in ditto. (b) It is a drain without limit on the national treasury. eg. beet sugar, sec. 235 of Bill. Even McKinley estimates $7000.000 expenditure the first year. (c) It is the protective spirit in its worst form...
Best general references: Cong. Rec. 1889-90; U. S. Depart. of Agriculture, Division of Chemistry, Bulletin, No. 's 27, 29, 30; Report of Mr. J. Wilson on "Sugar-Beet Culture;" McKinley in Cong. Rec. 1888-89. p. 5015; Amer. Econ'ist, VI; Hamilton...
...bounty system creates a sugar industry. - (a) Establishment is unusually expensive and difficult: U. S. Dep. of Agr. Bulletin, 29, p. 50. - A bounty tides over the critical time of beginning: Sherman and Allison, Cong. Rec. 1889-90. - Beet-sugar industries have be n built up by a bounty system abroad: Lalor's Ency...
...bounty is the only practical means of establishing a sugar industry. - (a) It can not be successfully started without some fostering. - (1) Offers no inducement to capital: vide II (a); (2) Profitable beet-raising in this country is still in its experimental stage: Defender, Apr. 21st, '90. - (b) It cannot be successfully started with a protective tariff; (1) A bounty paid by foreign governments to producers on their sugar-exports, tends to counteract the benefit of our tariff: S. V. White, Cong. R., 1889-90, p. 5015; (2) In the past, import duties have failed to create a flourishing sugar...